Ryerson Holding Corporation and Olympic Steel, Inc. have entered into a definitive agreement to merge. Ryerson Holding Corporation is a value-added processor and distributor of industrial metals. Olympic Steel is a a U.S. metals service center.
The merger will enhance the combined company’s presence as the second-largest North American metals service center. It also represents a highly compatible strategic match. Olympic Steel’s complementary footprint, capabilities, and product offerings will be brought into Ryerson’s interconnected network of value-added service centers. The deal is expected to close in the first quarter of 2026, subject to the satisfaction or waiver of customary closing conditions and the receipt of regulatory and shareholder approvals.
As part of the transaction, Michael D. Siegal, Executive Chairman of Olympic Steel’s Board of Directors, will be appointed chairman of the Board of Directors (“Board”) of the combined company, and Olympic Steel will also appoint three other mutually satisfactory directors to the combined 11-member Board. Eddie Lehner, President and Chief Executive Officer (“CEO”) of Ryerson, will serve as CEO of the combined company, with Richard T. Marabito, CEO of Olympic Steel, serving as President and Chief Operating Officer.
Courtesy of Ryerson.